The ratings agency was scheduled to release its review Friday night but issued a note indicating that “no ratings were updated for” South Africa, including Italy and Denmark among others.Moody’s could possibly be requiring additional time to determine whether South Africa’s sovereign rating has any prospect of changing for the better as the country is ramping up its Covid-19 vaccination programme.
In a separate report, Moody’s said global trade has rebounded and will continue to recover over 2021, although virus resurgence and uneven recoveries across countries threatens the recovery. Following an improved Budget Review in February 2021, Moody’s warned that the slightly lower budget deficit would not prevent the government debt from rising, and that downside risks remained elevated.
“While we are not anticipating a downgrade, we do expect the agency to remain critical of the fiscal position, the economic growth trajectory, as well as the state of state-owned enterprises, in particular Eskom,” Botes said.
busrep EVERY informed person needs to know about Bitcoin and kingstony40 because it might be one of the world’s most important developments and same way my people you need to know that Mr kingstony40 is the one and trusted trader that I can recommend you to invest with him
busrep 😂😂😂😂😂😂
busrep 😂😂😂😂
busrep Because Cyril is the President that is why. He's the darling of capitalism.
busrep Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. Nancy_P7 thank you for your proper management .